Grail (GRAL) Tax Rate (2023 - 2026)
Grail (GRAL) reported Tax Rate of 26.93% for Q1 2026, down 53.0% on a YoY basis from 57.29% in Q1 2025, and up 80.91% quarter-over-quarter from 14.88% in Q4 2025.
Grail (GRAL) Tax Rate (2023 - 2026) Analysis & Trends
Grail has reported Tax Rate for 4 years, with the latest figure at 26.93% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 53.0% year-over-year to 26.93%; the trailing twelve-month figure through Mar 2026 stood at 23.33% (up 1517.0% YoY), and the FY2025 full-year result was 23.6%, up 1734.0% from the prior year.
- Tax Rate for Q1 2026 stood at 26.93%, up from 14.88% in the prior quarter.
- The five-year high for Tax Rate was 27.46% in Q1 2025, with the low at 2.04% in Q4 2023.
- Historically, Tax Rate has averaged 15.49% across 4 years, with a median of 19.23% in 2025.
- Annual changes were most pronounced in 2024 — Tax Rate surged 2505 bps — and 2025, when it slumped 868 bps.
- Grail's Tax Rate stood at 2.85% in 2023, then surged by 727 bps to 23.57% in 2024, then slumped by 37 bps to 14.88% in 2025, then jumped by 81 bps to 26.93% in 2026.
- The last three Tax Rate figures came in at 26.93% (Q1 2026), 14.88% (Q4 2025), and 25.05% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 18.18% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 4.04% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 16.68% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 21.66% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 16.91% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 17.99% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -0.35% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 14.65% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 19.17% |
| 10 | Grail | 2.49 Bn | 2.49 Bn | 10.12 Mn | 26.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.93% |
| Mar 31, 2026 | 26.93% |
| Dec 31, 2025 | 14.88% |
| Dec 31, 2025 | 14.88% |
| Sep 30, 2025 | 25.05% |
| Sep 30, 2025 | 25.05% |
| Jun 30, 2025 | 25.43% |
| Jun 30, 2025 | 25.43% |
| Mar 31, 2025 | 27.46% |
| Mar 31, 2025 | 27.46% |
| Dec 31, 2024 | 23.57% |
| Dec 31, 2024 | 23.57% |
| Sep 30, 2024 | 27.10% |
| Sep 30, 2024 | 27.10% |
| Jun 30, 2024 | 3.24% |
| Jun 30, 2024 | 3.24% |
| Mar 31, 2024 | 2.48% |
| Mar 31, 2024 | 2.48% |
| Dec 31, 2023 | 2.85% |
| Dec 31, 2023 | 2.85% |